Nauta Capital has held a €55m final close for its Sidecar Fund.
This new fund brings the pan-European VC's total assets under management to €365m.
Nauta is currently managing an early-stage VC fund, Nauta Tech Invest IV, which held a final close on $170m in April 2017.
The fund is backed by its existing international investor base from continental Europe, the UK and the Americas, including British Patient Capital, the European Investment Fund, Institut Català de Finances and Spanish fund-of-funds ICO.
The vehicle will provide series-C rounds and follow-on capital to the firm's 40 portfolio companies. The vehicle will target European software companies and deploy equity tickets between €1-7m.
Nauta Capital – Carles Ferrer (general partner).
New firm will target lower-mid-market enterprise and financial technology businesses in Europe
Previous round for France-based fintech startup PayFit was a €14m series-B in 2017
ECM will use equity from its German Equity Partners V fund, which closed on €325m in June 2018
GP invests from its €2bn fund Investindustrial VI, which targets European mid-market companies